Foreclosure websites are populated with properties listed by participating lenders and real estate brokers.
Some of the information is very timely and some is outdated. You should not rely exclusively on websites because of the following reasons.
• Many more properties may be available. Not everything is listed on the websites. The properties featured on the websites will have the most competition because many people use them exclusively.
• Most of the sites charge a membership fee. If you know your target market area, you can usually obtain the same information for free from local sources.